Elemental Analysis Market Size, Share & Trends Analysis Report By Element, By Technology (Destructive Technologies, Non-destructive Technologies), By End-use, By Region, And Segment Forecasts, 2024

Description

Elemental Analysis Market Growth & Trends:

The global elemental analysis market size is expected to reach USD 2.70 billion by 2030, registering a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by amendments in the ICH (International Council for Harmonisation of Technical Requirements for Registration of Pharmaceuticals for Human Use) regulations that mandate use of elemental analysis for finished medical products, including pharmaceuticals.

Many manufacturers of elemental analyzers invest in R&D of new and technologically advanced products. In addition to their expenses for R&D, many key players launched new products in the market. For instance, in May 2016, Agilent Technologies launched Agilent 5110 ICP-OES, which was designed to enable scientists perform fast and precise elemental analysis of pharmaceuticals and food products along with mining, industrial, and environmental analysis.

In addition, in many countries, the limit of heavy metals/trace elements is regulated by their respective pharmacopeias. For instance, United States, Japanese, and European pharmacopeias limit the amount of trace elements in finished pharmaceutical products. Furthermore, elemental analysis is a crucial step before commercial launch of a medical product in the market.

North America held the largest market share in 2023. Local presence of large number of manufacturers, regulation of limits of trace elements/heavy metals by United States Pharmacopeia (USP), and ongoing research for development of new products are major factors responsible for the largest share held by this region. However, Asia Pacific is likely to grow at the highest rate over the forecasts period. Rise in interest of market players to expand their business in Asia Pacific, growing awareness on safety of pharmaceuticals, and increase in expenditure by local pharmaceutical companies on elemental analyzers are factors that can be attributed for the highest growth rate of Asia Pacific region during the forecast period.

Elemental Analysis Market Report Highlights:

The inorganic elements segment held the largest revenue share in 2023 due upcoming mandates for elemental analysis in medical products
By technology, non-destructive technologies held the largest revenue share of the market in 2023. Retention of sample after analysis and high precision rate can be the key factors for largest share of this segment
North America dominated the global elemental analysis market due to presence of USP regulations that limit the amount of heavy metals/trace elements.

Product Code: GVR-1-68038-633-2

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Global Elemental Analysis Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Global Elemental Analysis Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Global Elemental Analysis Market: Element Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Global Elemental Analysis Market: Element Movement Analysis, 2023 & 2030 (USD Million)
4.3. Organic
- 4.3.1. Organic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Inorganic
- 4.4.1. Inorganic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Global Elemental Analysis Market: Technology Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Global Elemental Analysis Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
5.3. Destructive Technologies
- 5.3.1. Destructive Technologies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.3.1.1. ICP-MS Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.3.1.2. ICP-OES Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.3.1.3. Combustion Analysis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.3.1.4. Other Destructive Technologies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Non-Destructive Technologies
- 5.4.1. Non-Destructive Technologies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.4.1.1. XRF Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.4.1.2. FTIR Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 5.4.1.3. Other Nondestructive Technologies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Global Elemental Analysis Market: End Use Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Global Elemental Analysis Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
6.3. Academic Research
- 6.3.1. Academic Research Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Pharma & Biotech Entities
- 6.4.1. Pharma & Biotech Entities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Global Elemental Analysis Market: Regional Estimates & Trend Analysis

7.1. Global Elemental Analysis Market Share, By Region, 2023 & 2030 (USD Million)
7.2. North America
- 7.2.1. North America Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. UK Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Italy Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Spain Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
  - 7.3.7.1. Denmark Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
  - 7.3.8.1. Sweden Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Norway
  - 7.3.9.1. Norway Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. China Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
  - 7.4.3.1. Japan Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
  - 7.4.5.1. South Korea Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
  - 7.4.6.1. Australia Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
  - 7.4.7.1. Thailand Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
  - 7.5.3.1. Argentina Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
  - 7.6.2.1. Saudi Arabia Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
  - 7.6.3.1. UAE Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
  - 7.6.4.1. South Africa Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
  - 7.6.5.1. Kuwait Elemental Analysis Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Medtronic
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Johnson & Johnson Services, Inc.
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. GE HealthCare.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Koninklijke Philips N.V.
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Schiller AG
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Spacelabs Healthcare
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. AliveCor, Inc.
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. ACS Diagnostics.
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Allengers
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. Hill-Rom Services, Inc. (Baxter)
  - 8.4.11.1. Participant's Overview
  - 8.4.11.2. Financial Performance
  - 8.4.11.3. Product Benchmarking
  - 8.4.11.4. Recent Developments/ Strategic Initiatives
- 8.4.12. NIHON KOHDEN CORPORATION.
  - 8.4.12.1. Participant's Overview
  - 8.4.12.2. Financial Performance
  - 8.4.12.3. Product Benchmarking
  - 8.4.12.4. Recent Developments/ Strategic Initiatives
- 8.4.13. AMETEK.Inc.
  - 8.4.13.1. Participant's Overview
  - 8.4.13.2. Financial Performance
  - 8.4.13.3. Product Benchmarking
  - 8.4.13.4. Recent Developments/ Strategic Initiatives
- 8.4.14. HORIBA Ltd.
  - 8.4.14.1. Participant's Overview
  - 8.4.14.2. Financial Performance
  - 8.4.14.3. Product Benchmarking
  - 8.4.14.4. Recent Developments/ Strategic Initiatives
- 8.4.15. Shimadzu Corporation.
  - 8.4.15.1. Participant's Overview
  - 8.4.15.2. Financial Performance
  - 8.4.15.3. Product Benchmarking
  - 8.4.15.4. Recent Developments/ Strategic Initiatives
- 8.4.16. Analytik Jena GmbH+Co.
  - 8.4.16.1. Participant's Overview
  - 8.4.16.2. Financial Performance
  - 8.4.16.3. Product Benchmarking
  - 8.4.16.4. Recent Developments/ Strategic Initiatives
- 8.4.17. ELEMENTAR
  - 8.4.17.1. Participant's Overview
  - 8.4.17.2. Financial Performance
  - 8.4.17.3. Product Benchmarking
  - 8.4.17.4. Recent Developments/ Strategic Initiatives
- 8.4.18. PerkinElmer Inc.
  - 8.4.18.1. Participant's Overview
  - 8.4.18.2. Financial Performance
  - 8.4.18.3. Product Benchmarking
  - 8.4.18.4. Recent Developments/ Strategic Initiatives
- 8.4.19. Thermo Fisher Scientific Inc.
  - 8.4.19.1. Participant's Overview
  - 8.4.19.2. Financial Performance
  - 8.4.19.3. Product Benchmarking
  - 8.4.19.4. Recent Developments/ Strategic Initiatives
- 8.4.20. Agilent Technologies, Inc.
  - 8.4.20.1. Participant's Overview
  - 8.4.20.2. Financial Performance
  - 8.4.20.3. Product Benchmarking
  - 8.4.20.4. Recent Developments/ Strategic Initiatives
- 8.4.21. Danaher Corporation
  - 8.4.21.1. Participant's Overview
  - 8.4.21.2. Financial Performance
  - 8.4.21.3. Product Benchmarking
  - 8.4.21.4. Recent Developments/ Strategic Initiatives
- 8.4.22. Rigaku Corporation
  - 8.4.22.1. Participant's Overview
  - 8.4.22.2. Financial Performance
  - 8.4.22.3. Product Benchmarking
  - 8.4.22.4. Recent Developments/ Strategic Initiatives

Elemental Analysis Market Size, Share & Trends Analysis Report By Element, By Technology (Destructive Technologies, Non-destructive Technologies), By End-use, By Region, And Segment Forecasts, 2024 - 2030